Pennon Group Plc (OTCMKTS:PEGRY) Short Interest Update

Pennon Group Plc (OTCMKTS:PEGRY) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 2,571 shares, a decrease of 80.0% from the June 30th total of 12,856 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 67,533 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Pennon Group to a “hold” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Pennon Group has a consensus rating of “Hold”.

Pennon Group Price Performance

Shares of OTCMKTS PEGRY traded down $0.19 during mid-day trading on Monday, reaching $12.21. 12,313 shares of the company’s stock traded hands, compared to its average volume of 17,753. The business has a 50-day simple moving average of $13.08 and a 200 day simple moving average of $14.15. The stock has a market cap of $2.88 billion and a P/E ratio of 22.31. Pennon Group has a 1-year low of $11.80 and a 1-year high of $16.35.

About Pennon Group

Pennon Group (OTCMKTS:PEGRY) is a UK?based utilities and environmental services company that operates through two main businesses: South West Water and Viridor. The group provides water supply, wastewater treatment and collection services to residential, commercial and industrial customers in the South West of England. Its water division serves regional communities with drinking water production, network maintenance and sewage treatment, while ensuring compliance with regulatory standards for water quality and environmental protection.

South West Water, Pennon’s core water operations arm, manages water resources and distribution infrastructure across Cornwall, Devon and parts of Dorset and Somerset.